Supplemental Plan Benefit definition

Supplemental Plan Benefit means the benefit payable in accordance with the SERP.
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Supplemental Plan Benefit means the benefit payable to a Participant or a Beneficiary hereunder. 4. Participation. Any individual who was participating in the Plan as of December 31, 2007 (including, for the avoidance of doubt, any individual with vested but unpaid benefits under the Plan) shall be a Participant in the Plan effective January 1, 2008. Participation in the plan is terminable by the Committee in its discretion upon written notice to the Participant and termination shall be effective as of the date contained therein, but in no event earlier than the date of such notice. Notwithstanding anything herein to the contrary, no individual may become a Participant under this Plan after December 31, 2007. 5. Amount of Benefits. Benefits shall be payable hereunder only to (a) Participants who have a Separation from Service on or after their Normal Retirement Date, and their Spouses or other Beneficiaries; (b) Participants who have a Separation from Service prior to January 1, 2008 after having completed at least five years of Vesting Service, or on or after January 1, 2008 after having completed at least three years of Vesting Service, and their Spouses or other Beneficiaries; (c) Participants who become Disabled, and their Spouses or other Beneficiaries; and (d) Spouses or other Beneficiaries of Participants who die while employed by the Company. Benefits hereunder shall be paid in an amount equal to (1) minus the sum of (2) and (3), where:
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Supplemental Plan Benefit means the annual benefit payable in accordance with the Plan.
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Examples of Supplemental Plan Benefit in a sentence

  • If the location of the Employee is not made known to the Compensation Committee within three (3) years after the date on which any payment of the Employee’s Supplemental Plan Benefit may be made, payment may be made as though the Employee had died at the end of the three-year period.

  • The Employee’s Supplemental Plan Benefit will become 100% vested after ten (10) Years of Credited Service.

  • If the Actuarially Equivalent value of any Supplemental Plan Benefit or Death Benefit is less than $25,000, the Company, in its discretion, may pay such value of such Benefit to the Participant or Contingent Annuitant in a single lump sum in lieu of any further benefit payment hereunder.

  • If the Employee dies after he is eligible for an Early or Normal Retirement Benefit, but prior to termination of employment with the Company, his Surviving Spouse, if any, shall be entitled to a Supplemental Plan Benefit determined in accordance with Section 3.1 and 3.2 based on the Employee’s Years of Credited Service and Final Average Compensation as of his date of death.

  • All persons seeking entrance to this installation may be subject to search and inspection by Federal Law Enforcement.

  • Supplemental Plan Benefits payable to the Employee or Surviving Spouse pursuant to Section 3 may be paid in any annuity form that is the Actuarial Equivalent of the Supplemental Plan Benefit payable as a Joint and 50% Survivor Annuity.

  • For purposes of this limitation, an amendment that changes the assumptions used to determine Actuarial Equivalent optional forms of benefit (including, without limitation, lump sum payments) shall not be considered to reduce the amount of any Participant’s Supplemental Plan Benefit.

  • If the location of a Participant is not made known to the Committee within one year after the date on which any payment of the Participant's Supplemental Plan Benefit may be made, then the Company shall have no further obligation to pay any benefit hereunder to such Participant or any other person and such benefit shall be irrevocably forfeited.

  • If a Plan amendment has the effect of reducing future accruals of a Supplemental Plan Benefit, the Company shall cause the trust contemplated in Section 7.1 to be established, if not previously established, and transfer a sufficient amount of assets to the trust in order that trust assets immediately after such amendment equal the aggregate of Supplemental Plan Benefits of all Participants.

  • As such, the Agreement and the SERP should be read together to determine Employee’s rights to a Supplemental Plan Benefit.


More Definitions of Supplemental Plan Benefit

Supplemental Plan Benefit means the monthly retirement benefit payable in accordance with the Plan.
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Supplemental Plan Benefit means the benefit payable to or on account of a Participant from this Plan under Article II.
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Supplemental Plan Benefit means, to the extent applicable to any given Participant, the Restoration Benefit or the Supplemental Retirement Income Benefit.
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Supplemental Plan Benefit means the benefit payable under the UST Corp. Supplemental Retirement Benefits Plan, assuming
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Supplemental Plan Benefit means, to the extent applicable to any given Participant, the Restoration Benefit or the Supplemental Retirement Income Benefit and, as applicable to any given Participant, shall include the Participant’s Pre-2022 Supplemental Plan Benefit and Post-2021 Supplemental Plan Benefit.
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Supplemental Plan Benefit means the benefit payable in accordance with this Plan. 1.15 "Termination of Service" means the first day of the month next following termination of Participant's Service whether by voluntary or involuntary separation, retirement, disability or death. 1.16 "Valuation Date" shall mean the last business day of a each month on which the New York Stock Exchange shall be open.
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Related to Supplemental Plan Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Retirement Benefit means the benefit set forth in Article 5.

  • SERP Benefit means the benefit described in Section 5.1.

  • Accrued Benefit have the meanings specified in ERISA.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Dental plan means any dental insurance policy, including those of nonprofit health service plans, and those of commercial group, blanket, and individual policies, any subscriber contracts issued by Health Maintenance Organizations (HMOs), and any other established programs under which the insured may make a claim. The term Dental Plan includes coverage under a governmental plan, or coverage required to be provided by law. This does not include a State plan under Medicaid (Title XIX, Grants to States for Medical Assistance Programs, of the United States Social Security Act, as amended from time to time.)

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Termination Benefit means the benefit set forth in Article 7.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.